Wall St finished higher on Friday, as markets survived the anticipated jobs number release. The Dow Jones rose 450 points (+1.18%), the S&P 500 advanced 1.26% and the NASDAQ outperformed, rising 1.99%. US job growth slowed more than expected in April, rising by 175k vs 243k expected. Bond yields fell, US10Y down 9.2bp and the…
The ASX 200 puts on another 53 points to 7682 (0.7%). Banks firing up with the Big Bank Basket up to $207.14 (+1.3%) with WBC up 2.7% reporting in line and a special dividend and an increased buyback. MQG is finding some broker love, up 1.5%, and Insurers are weaker as yields fall. MFG with…
Why Copper? Why Mongolia and Why should we look at XAM?
THE WEEK THAT WAS The Force is Strong The Bulls are back. It has been a volatile week coming off the back of ‘Black Friday’ last week. Dominated once again by the Fed sucking the life out of any other conversation. When will they cut rates? Will they cut rates? Last night we got another…
The ASX 200 was up 53 points last week (+0.7%) in line with the S&P 500 (+0.57%). This week was all about the Fed Meeting, Apple and Amazon results (amongst many others) and last night’s jobs numbers. We survived them all. SPI Futures up 22 this morning. The Dow Jones was up 450 points, the…
I have been writing the Marcus Today newsletter for over twenty years and read something called "Farrell's Rules" over thirty years ago. There is an article about "Farrell's Ten Rules" below which you might find interesting, but as I read them, I realise they are a bit old, and I'm sure we can do better.…
NAB results reaction – Woolworths opinions – Tech stocks lifting as we go risk on again.
